Parle Products was founded in 1929 in India and introduced popular biscuit brands like Parle Glucose and Parle Monaco. Parle-G became the largest selling biscuit brand in the world based on its affordable price, mass appeal, and consistent quality. However, Parle faces challenges from increasing raw material costs, competition from other brands, and over-reliance on its flagship Parle-G brand. The company will need to focus on innovation, expansion into new markets, and diversifying its product portfolio to sustain its leadership position long-term.